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Politics : High Tolerance Plasticity

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To: aerosappy who wrote (11010)12/10/2001 12:59:28 PM
From: The Ox  Read Replies (1) of 23153
 
Trim Tabs stays bearish
--10:14am - By Julie Rannazzisi
Trim Tabs estimated that U.S. equity funds took in $4.2 billion in the three days ending Dec. 6 for a monthly rate of $19.8 billion. All equity flows were slightly negative for the month, daily data flows showed. Trim Tabs said corporate liquidity remained "quite bearish" last week, with no newly announced cash takeovers and plunging stock buyback announcements. Buybacks, in fact, stood at $1.1 billion last week and averaged just $2.3 billion over the past four weeks -- just half the weekly pace of the first 11 months of the year. "Corporate investors are reacting quite bearishly to the higher prices: They are not buying but rather selling quite heavily. If corporate investors had any inkling that their business has started an upswing, they would be heavy buyers of their own and other companies shares," Trim Tabs concluded.
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